AUC 2.56% 40.0¢ ausgold limited

Ann: Ausgold moves to a Larger 5Mtpa Gold Operation at KGP, page-12

  1. 11,782 Posts.
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    Exactly, I don’t understand the negativity. Most mines continually add to the grades and economics overtime as they continually explore/infill drill/accumulate other land etc over the mining years. The limit to going crazy on the drilling front is obviously cash but once we have cashflow this will ramp up! The economics stack up well as it is, just need management to continue hitting the catalysts and working towards mining and get the tonnages up. Hopefully the market will eventually wake up! I’ve changed my sentiment to buy as it looks crazily undervalued under 5c after reading all this again!
    Last edited by coto: 22/05/23
 
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